TOKYO (Kyodo) — Japanese convenience store and restaurant chains have accelerated their overseas expansion, especially in Asia, as domestic business conditions have deteriorated due to excessive competition in a market shrinking amid the falling birthrate and aging population, an industry body said Nov. 12.
The number of Japanese franchise chains’ overseas outlets at the end of June this year increased by 2,947 from four years earlier, or by 986 from a year before, to 12,116 including 8,492 convenience stores and 3,404 restaurants, the Japan Franchise Association said.
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